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Meta (META.US) and Snap (SNAP.US) May Face AUD49.5 Million Fine for Violating Australian Children's Social Media Ban
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According to foreign media reports, the Australian cyber safety regulator is investigating Meta (META.US), Snap (SNAP.US), TikTok, and YouTube for allegedly failing to comply with the social media ban for users under the age of 16. In its first compliance report, the regulator expressed deep concern about the platforms' adherence to the law, noting significant regulatory gaps. The current safety measures are insufficient to prevent users under 16 from creating new accounts, and some platforms even allow minors to repeatedly attempt the same age verification method until successful. The report indicates that the involved companies could face fines of up to AUD49.5 million (approximately USD34 million). The regulator has begun gathering evidence in preparation for possible action. (mn/w) Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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